Senate Holds Hearing on Surging Price Of Oil

Senate Holds Hearing on Surging Price Of Oil

Senate Holds Hearing On Surging Price Of Oil

Alex Wong

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Committee Chairman Sen. Patrick Leahy (D-VT) speaks in front of a poster of a one dollar bill during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Committee Chairman Sen. Patrick Leahy (D-VT) speaks in front of a poster of a one dollar bill during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing On Surging Price Of Oil

Alex Wong

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, are sworn in during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, are sworn in during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing On Surging Price Of Oil

Alex Wong

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, are sworn in during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, are sworn in during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Committee Chairman Sen. Patrick Leahy (D-VT) speaks next to a picture of U.S. President George W. Bush walks with Saudi King Abdullah from his recent Middle East trip during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Committee Chairman Sen. Patrick Leahy (D-VT) speaks next to a picture of U.S. President George W. Bush walks with Saudi King Abdullah from his recent Middle East trip during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Peter Robertson, Vice Chairman of the Board of Chevron Corporation, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Peter Robertson, Vice Chairman of the Board of Chevron Corporation, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Stephen Simon (R), Senior Vice President of Exxon Mobile Corporation, testifies as (L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; and John Lowe, Executive Vice President of ConocoPhillips Company; listen during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Stephen Simon (R), Senior Vice President of Exxon Mobile Corporation, testifies as (L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; and John Lowe, Executive Vice President of ConocoPhillips Company; listen during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

John Lowe, Executive Vice President of ConocoPhillips Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

John Lowe, Executive Vice President of ConocoPhillips Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Code Pink members Pat Goldstein (R) and Liz Hourican (L) protest as Robert Malone, Chairman and President of BP America Inc., pauses prior to a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Code Pink members Pat Goldstein (R) and Liz Hourican (L) protest as Robert Malone, Chairman and President of BP America Inc., pauses prior to a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

John Hofmeister, President of Shell Oil Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

John Hofmeister, President of Shell Oil Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Code Pink members Desiree Farooz (C) and Toby Blome (L) protests during a hearing of the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Code Pink members Desiree Farooz (C) and Toby Blome (L) protests during a hearing of the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Robert Malone (R), Chairman and President of BP America Inc., arrives for a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Robert Malone (R), Chairman and President of BP America Inc., arrives for a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

Peter Robertson, Vice Chairman of the Board of Chevron Corporation, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Peter Robertson, Vice Chairman of the Board of Chevron Corporation, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Senate Holds Hearing on Surging Price Of Oil

Alex Wong

John Hofmeister, President of Shell Oil Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

John Hofmeister, President of Shell Oil Company, testifies during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel.

Robert Malone, Chairman and President of BP America Inc.; John... News PhotoBusiness,Businessman,Capitol Hill,Chevron Corporation,ConocoPhillips,Court Hearing,Crude Oil,Exxon,Finance,Fuel and Power Generation,Gasoline,Government,Horizontal,Law,Legal System,Oil,Organized Group,Politics,President,Refueling,Senior Vice President,Shell - Brand-name,Testimony,USA,United States Senate,Vice President,Waist Up,Washington DCPhotographer Alex WongCollection: Getty Images News 2008 Getty ImagesWASHINGTON - MAY 21: (L-R) Robert Malone, Chairman and President of BP America Inc.; John Hofmeister, President of Shell Oil Company; Peter Robertson, Vice Chairman of the Board of Chevron Corporation; John Lowe, Executive Vice President of ConocoPhillips Company; and Stephen Simon, Senior Vice President of Exxon Mobile Corporation, testify during a hearing before the Senate Judiciary Committee May 21, 2008 on Capitol Hill in Washington, DC. The hearing was to address the skyrocketing price of oil. Today prices of crude-oil surged to another record high of $132.00 USD a barrel. (Photo by Alex Wong/Getty Images)